50 SKY SHADES - World aviation news

GECAS Places $2.9 billion CFM LEAP-1A engine order

Download: Printable PDF Date: 19 Jun 2017 07:13 categories:
GECAS Places $2.9 billion CFM LEAP-1A engine order - Events / Festivals publisher
Krista Kuznecova
Country: France Aircraft: Airplanes

GE Capital Aviation Services (GECAS), the aviation leasing and financing arm of GE announced a firm order for 200 CFM International LEAP-1A engines to power new Airbus A320neo family aircraft.

CFM values the agreement at more than $2.9 billion U.S. at list price. The airplane order was announced earlier today.

“The LEAP-1A has done extremely well in commercial service and our customers are very pleased with the engine,” said Alec Burger, President and CEO of GECAS, “The LEAP-1A-powered A320neo family with proven increased fuel efficiencies, high utilization rates, and longer range will continue to be one of our core assets in our lease portfolio.”

“We are very pleased to further strengthen our relationship with GECAS,” said Gaël Méheust president and CEO of CFM International. “We appreciate their confidence in the LEAP product line and look forwarding to delivering an exemplary product to them.”

The LEAP-1A engine entered commercial service in August 2016 and is providing its 14 operators with a 15 percent improvement in fuel efficiency, with an equivalent reduction in CO2 emissions; and lower noise and NOx emissions. To date, the fleet in service has logged more than 77,000 engine flight cycles and more than 145,000 engine flight hours while maintaining CFM’s industry-leading reliability.

Image result for GE Capital Aviation Services

Related event:
France, Paris, Le Bourget Parc des Expositions .

9 months ago

Loading comments for GECAS Places $2.9 billion CFM LEAP-1A engine order...


Lauda to launch Laudamotion with 14 aircraft

Niki Lauda has announced plans to launch his new airline Laudamotion. Having been founded in 2004, the airline is due to commence operations on March 28 with 14 aircraft. The aircraft will come from t...

StandardAero achieves EASA AMO certification for South African PT6A engine MRO facility

Vector Aerospace Africa (Pty) Ltd., a StandardAero company located in Lanseria, Johannesburg, South Africa, has secured European Aviation Safety Agency (EASA) aircraft maintenance organization (AMO) c...

Flying Colours Corp. ramps up production six-fold as doors open at new St. Louis facility.

Flying Colours, the North American MRO, completions and avionics business has officially opened the doors of its new St. Louis, MO., facility. Manufacturing at the new facility, which primarily suppor...

New agreement for Jersey Aircraft Registry

The Minister for Economic Development, Tourism, Sport and Culture, Senator Lyndon Farnham, has formally invited Ports of Jersey Ltd to assume operational control of the Jersey Aircraft Registry (JAR)....